All Industry Rates of Duty Drawback, 2008-09
The Government has announced the revised All Industry Rates of Duty Drawback made effective from 01.09.2008.
Like in previous years, the drawback rates have been determined on the basis of certain broad parameters including the prevailing prices of inputs, standard input/output norms (SION), share of imports in the total consumption of inputs and the applied rates of duty. The incidence of duty on HSD /Furnace Oil has been factored in the drawback calculation. The incidence of service tax paid on taxable services which are used as input services in the manufacturing or processing of export goods has also been factored.
CBEC wants Commissioners to ensure that the exporters do not avail of the refund of this tax through any other mechanism while claiming the all industry rate of drawback.
Notification No. Dated the 29 th August, 2008. And Circular No. Dated the 29 th August, 2008.